Seagate Technology PLC (NASDAQ:STX) insider Philip G. Brace bought 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $33,340.00. Following the acquisition, the insider now directly owns 62,855 shares of the company’s stock, valued at approximately $2,095,585.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Seagate Technology PLC (NASDAQ STX) traded up 0.45% during trading on Thursday, reaching $33.57. The company had a trading volume of 4,934,872 shares. The stock has a 50 day moving average price of $38.76 and a 200 day moving average price of $43.35. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 13.01 and a beta of 1.69. Seagate Technology PLC has a 12 month low of $30.09 and a 12 month high of $50.96.

Seagate Technology PLC (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 25th. The data storage provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by $0.34. Seagate Technology PLC had a net margin of 7.17% and a return on equity of 81.87%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that Seagate Technology PLC will post $3.70 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 7.51%. Seagate Technology PLC’s dividend payout ratio is 97.67%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. increased its position in shares of Seagate Technology PLC by 12.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,726 shares of the data storage provider’s stock worth $125,000 after buying an additional 300 shares during the period. Visionary Asset Management Inc. increased its position in shares of Seagate Technology PLC by 1.3% in the first quarter. Visionary Asset Management Inc. now owns 89,162 shares of the data storage provider’s stock worth $4,095,000 after buying an additional 1,137 shares during the period. Bank of Montreal Can increased its position in shares of Seagate Technology PLC by 4.1% in the first quarter. Bank of Montreal Can now owns 1,609,469 shares of the data storage provider’s stock worth $73,923,000 after buying an additional 63,627 shares during the period. Legacy Private Trust Co. purchased a new position in shares of Seagate Technology PLC during the first quarter worth approximately $214,000. Finally, Creative Planning increased its position in shares of Seagate Technology PLC by 8.1% in the first quarter. Creative Planning now owns 46,180 shares of the data storage provider’s stock worth $2,121,000 after buying an additional 3,449 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Several research firms have weighed in on STX. Cowen and Company reissued a “market perform” rating and issued a $45.00 target price (down previously from $46.00) on shares of Seagate Technology PLC in a report on Wednesday, April 26th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Seagate Technology PLC in a report on Wednesday, April 12th. Longbow Research raised Seagate Technology PLC from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.42 to $55.00 in a report on Tuesday, April 11th. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of Seagate Technology PLC in a research note on Thursday, April 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $45.00 price objective on shares of Seagate Technology PLC in a research note on Friday, June 9th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.12.

About Seagate Technology PLC

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Insider Buying and Selling by Quarter for Seagate Technology PLC (NASDAQ:STX)

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